The Latest Financial Trends

With every New Year that arises there are new patterns that emerge as well. However, when individuals hear the term ‘trends’ they often think of the likes of fashion and interior design. Yet, trends occur in every industry, and finance is certainly no different. So, let’s take a look at some of the top financial trends for the coming year…

Semi-retirement

This is a trend a lot of people will not be pleased to hear about. Unfortunately, as pensions become less secure and living costs more expensive, many individuals are taking semi-retirement instead of full retirement. This means a lot of 60-year-olds and 70-year-olds are likely to be looking for part time jobs. It is worth looking into work-at-home opportunities as you close on retirement. Read this review on IC markets for an understanding of some of the different options that are available to you. Or, why not see if you can do your existing job on a part-time basis from home?

Borrowing from small mortgage lenders

One of the main trends for the year ahead is that small mortgage lenders will be in whilst big banks will fall out of favour. Growing competition is going to arise between larger mortgage players, regional banks and small businesses, as the shift in mortgage lending arises. This is likely to benefit the customer. You can reap the rewards of a faster process, greater flexibility, and a better service.

Planning and budgeting

Individuals will place greater emphasis on stringent financial planning. Many people will determine their income for the month and then divide it up based on mortgages, insurance, food, and utilities and alike. This will help to ensure risk is minimised. Moreover, those who have the capacity to save will be able to do so more effectively.

Investment in emerging markets

Emerging markets are likely to come into their own throughout the coming year. Of course, this does not apply to all markets. It is unlikely that there will be investments in the likes of Brazil or Turkey for instance, whereby political mismanagement or large trade deficits are present.

Mobile payments

Considering the dominance of the smartphone and mobile Internet, this trend is really no surprise. We are likely to see worldwide mobile payment transactions rise significantly. From using smartphones as virtual wallets to sending payments to landlords, the mobile phone is going to become a lot of people’s main monetary base.

So there you have it: some of the top financial trends that are going on at the moment and set to get strong as we enter 2019. Are you making the most of any of the financial trends that have been mentioned? Perhaps there are some other trends that you have also noticed?